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S.R. Accord Ltd (SRAC) Fair Value & Analysis

Financial Services · Il · Market cap 734M ILA

SR S.R. Accord Ltd SRAC · TA
Price56.07 ILA
Fair Value89.58 ILA
Upside+59.8%
Quality53/100
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Mixed Growth
Highly profitable · 69.7% net margin
Low debt · negative free cash flow
Ranks above peers (12/13)
Wide moat 77/100
Evidence: High Range 46.81 ILA – 182.49 ILA Share as image

Fair value as of: Jul 13, 2026

From 9 valuation models · updated 28 days ago

Fair value updated Jul 13, 2026, revised from 89.44 ILA to 89.58 ILA (+0.2%) since Jun 26, 2026. Share price +0.7% over the past month.

A solid business, screening 60% undervalued on our models.

What matters now

  • The model range is unusually wide (46.81 ILA to 182.49 ILA). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (53/100) at a price below fair value, the discount is the argument here, not the business quality.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

59.31 ILA 17.46 ILA Fair Value 89.58 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 17.46 ILA – 59.31 ILA · fair‑value band 46.81 ILA – 182.49 ILA · the 56.07 ILA price screens below the 89.58 ILA fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

S.R. Accord Ltd (SRAC) currently trades at 56.07 ILA, while our model-based Fair Value estimate is 89.58 ILA, implying the stock looks roughly 59.8% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, S.R. Accord Ltd generated revenue of 132M ILA at a net margin of 68.4%. Revenue grew 9.8% year over year. It earns a return on equity of 20.6%. Net debt stands at 1.4B ILA. Fundamentals as of Jul 13, 2026

Our scenario range runs from 46.81 ILA (bear case) to 182.49 ILA (bull case); at 56.07 ILA, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 60%, SRAC screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income 39.04 ILA 50.63 ILA 139.37 ILA 76
Gordon GGM 23.13 ILA 41.69 ILA 57.39 ILA 70
P/E Multiple 67.18 ILA 89.58 ILA 111.97 ILA 63
All 9 models by family
DCF Models
Owner Earnings 85.89 ILA 182.86 ILA 362.78 ILA 31
Earnings-Based
Graham-Dodd 46.85 ILA 326.76 ILA 458.56 ILA 54
Lynch FV 168.81 ILA 241.16 ILA 313.51 ILA 50
Dividend Discount
Gordon GGM 23.13 ILA 41.69 ILA 57.39 ILA 70
DDM Multi-Stage 23.13 ILA 38.08 ILA 44.53 ILA 61
Multiples
P/E Multiple 67.18 ILA 89.58 ILA 111.97 ILA 63
P/B Multiple 37.61 ILA 50.15 ILA 62.69 ILA 55
Asset-Based
NCAV (Graham) 17.91 ILA 24.00 ILA 35.82 ILA 50
Economic Profit
Residual Income 39.04 ILA 50.63 ILA 139.37 ILA 76

Widest divergence: Earnings-Based (241.16 ILA) versus Asset-Based (24.00 ILA). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 132M ILA
Revenue growth (YoY) +9.8%
Net margin 68.4%
Return on equity 20.6%
Free cash flow −256M ILA FY2025
P/E ratio 7.7
More key figures
Operating margin 73.3%
EPS (TTM) 7.32 ILA
EPS growth (YoY) +47.7%
Net debt 1.4B ILA FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 44 · Market factors (momentum, volatility) 60

Profitability 46
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 59
Distance to the 52-week high (market factor)
Net Issuance 87
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

S.R. Accord Ltd. provides non-bank credit solutions for businesses in Israel. The company offers real estate financing; financing for public companies; financing evaluation and construction; car financing and business growth; financing for infrastructure projects; business financing; and financing for small and medium-sized businesses.

Full company description

S.R. Accord Ltd. provides non-bank credit solutions for businesses in Israel. The company offers real estate financing; financing for public companies; financing evaluation and construction; car financing and business growth; financing for infrastructure projects; business financing; and financing for small and medium-sized businesses. It also provides project performance guarantees; real estate financing funds; property lien; check discounting; checking for business; and credit and business credit line. The company was formerly known as Shrem Fudim Group Ltd. and changed its name to S.R. Accord Ltd. in December 2010. S.R. Accord Ltd. was incorporated in 1991 and is based in Ramla, Israel.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

S.R. Accord Ltd reported revenue of 224M ILA in FY2025 versus 133M ILA in FY2021, a compound +13.8%/yr. Reported net income was 90.2M ILA in FY2025, compounding +6.3%/yr from FY2021.

Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
224M ILS
Latest YoY
+20.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+7.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.5%
Avg. growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−1.0%
Revenue +13.8%/yr
FY21 133M ILA
FY22 182M ILA
FY23 191M ILA
FY24 187M ILA
FY25 224M ILA
Net income +6.3%/yr
FY21 70.6M ILA
FY22 79.1M ILA
FY23 65.3M ILA
FY24 69.6M ILA
FY25 90.2M ILA
Character of growth · EPS growth decomposed (2015-2025) +8.5 % p.a.
Revenue per share +15.6 pp

of which total revenue +17.1 pp · buybacks/dilution −1.5 pp

EBIT margin −0.6 pp
Tax rate −3.1 pp
Residual (interest, one-offs) −3.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "S.R. Accord Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SRAC

Peer Group

Credit Services · 331 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 53 · Above median
Fair Value upside +60% · Above median
Return on equity (TTM) 22% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 70% · Top 25%
Operating margin (TTM) 82% · Top 25%
Revenue growth 20% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.27× · Lower than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 7.7× · Cheaper than median
P/B 0.51× · Cheaper than 75% of peers
P/S (TTM) 1.74× · Cheaper than median
EV/EBITDA 1.5× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 100 · sector 37
FUTURE 100 · sector 39
PAST 86 · sector 32
HEALTH 87 · sector 58
DIVIDEND 1 · sector 51

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is S.R. Accord Ltd (SRAC) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 89.58 ILA versus a price of 56.07 ILA, about +60% (undervalued).
What is the fair value of SRAC?
Our model-based fair value for S.R. Accord Ltd is 89.58 ILA (as of Jul 13, 2026), built from audited fundamentals. The current price is 56.07 ILA.
What is the quality score of SRAC?
S.R. Accord Ltd has a Quality Score of 53/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of S.R. Accord Ltd (SRAC)?
S.R. Accord Ltd reported trailing-twelve-month revenue of about 132M ILS (latest available figure, as of Jul 13, 2026).
What is the net profit margin of SRAC?
The net profit margin of S.R. Accord Ltd is about 68.4%, meaning it keeps roughly 68.4% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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